https://www.taxtmi.com/caselaws?id=18308 Depreciation is allowable on a temple building constructed within the assessee's premises when treated as a business asset, the text noting that existing precedent supports that position. It also states that outstanding sales tax, professional tax and municipal tax liabilities are deductible under the retrospective amendment reflected in Explanation 2 to section 43B, provided payment is made within the time permitted by the relevant State law or before filing the return under section 139(1). The commentary records that both points were resolved consistently with precedent in favour of the assessee. en-us Fri, 19 Jan 1996 00:00:00 +0530 Wed, 30 Sep 2009 11:23:55 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=18308 Depreciation is allowable on a temple building constructed within the assessee's premises when treated as a business asset, the text noting that existing precedent supports that position. It also states that outstanding sales tax, professional tax and municipal tax liabilities are deductible under the retrospective amendment reflected in Explanation 2 to section 43B, provided payment is made within the time permitted by the relevant State law or before filing the return under section 139(1). The commentary records that both points were resolved consistently with precedent in favour of the assessee. Case-Laws Income Tax Fri, 19 Jan 1996 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=18308